Ruby Tuesday, Inc. (NYSE: RT) today announced it plans to publicly offer 10,000,000 shares of its common stock. In addition, it intends to grant the underwriters a 30 day option to purchase up to 1,500,000 additional shares to cover over-allotments, if any.
The offering is being conducted as a public offering pursuant to an effective registration statement under the Securities Act of 1933. Proceeds will be used to pay down debt. Wells Fargo Securities and BofA Merrill Lynch are joint book-running managers and SunTrust Robinson Humphrey and Morgan Keegan & Company, Inc. are co-managers of the offering.
The offering is being made solely by means of a prospectus and the accompanying prospectus supplement. When available, copies of the prospectus supplement and related prospectus for this offering may be obtained by contacting Wells Fargo Securities, 375 Park Avenue, New York, New York 10152, Attention: Equity Syndicate Department, telephone: (800) 326-5897, or BofA Merrill Lynch, 4 World Financial Center, New York, New York 10080, Attention: Prospectus Department, telephone: (212) 449-1000. This press release shall not constitute an offer to sell, nor a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Ruby Tuesday, Inc. has Company-owned and/or franchise Ruby Tuesday brand restaurants in 46 states, the District of Columbia, Puerto Rico, Guam, and 13 foreign countries. As of June 2, 2009, the Company-owned and operated 672 Ruby Tuesday restaurants, while domestic and international franchisees (including Hawaii) operated 173 and 56 restaurants, respectively. Ruby Tuesday, Inc. is traded on the New York Stock Exchange (Symbol: RT).
Logos, product and company names mentioned are the property of their respective owners.